RE: RE: Fund Continued Improvements to the DLUX dApp Infrastructure
You are viewing a single comment's thread from:

RE: Fund Continued Improvements to the DLUX dApp Infrastructure

Words
262
Reading
2 min
Listen
Play
7y

I'm asking for a way to measure and track your progress. How do we know the funding is resulting in improving the utility of Steem? Are Steem going to be locked up? Burned? It's hard to measure something subjective like if it's fun.

If it's not measurable how do I know your project is creating demand? If it does create demand what metric will you be tracking to prove it? More users who are buying the token is creating measurable demand if you can show they actually buy the token or tokens, but if they don't then you could end up with more users who don't really care about buying the token. So I'll have to see some usage statistics.

It might seem like I'm being tough on your project but the reason I'm asking these questions is because many thought if Steem just added a lot of users that the Steem token would automatically go up in price. There was never much thought put into revenue streams, business models, or any of the business driven parts of the ecosystem until very recently. As a result Steem from a revenue and business perspective is a total fail just looking at the price charts.

Steem has to be burned, locked up, etc, in order for demand to reflect in the price. Steem gets created (inflation), which is like a tax or a cost which must be offset by burning, or by locking up. Any project which encourage not just buying Steem but locking Steem up or burning it, is providing easily measurable revenue.

@dana-edwards: I'm asking for | Ecency